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The Onondaga Civic Development Corporation (OCDC) was created in late 2009 by County Executive Joanne M. Mahoney with the assistance of the Onondaga County Legislature. The Civic Development Corporation is administered by the county's Office of Economic Development. OCDC is a local development corporation authorized to issue bonds on behalf of not-for-profit organizations. As such, the corporation offers a local, convenient and more economical financing opportunity for the county's not-for-profit organizations.
Mission
To stimulate economic growth and/or lessen the burdens of government through facilitating investments that will promote job creation/retention, improve the quality of life of Onondaga County citizens, generate prosperity, and/or encourage economic vibrancy for Onondaga County as a whole, by using available incentives including the issuance of negotiable bonds for Onondaga County's non profit organizations as set forth more fully in Section 1411(a) of the Not-for-Profit Laws of the State of New York.
Financing
The Onondaga Civic Development Corporation can assist non-profits with the issuance of tax-exempt and taxable financing.
Meeting Minutes
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June 2010
